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Excerpt from:  Forex Analysis
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November 17, 2008

U.K. Rate Cut Expectations Send Sterling Lower in Forex Trading

U.K. pound drops in currency trading
As one might expect, the U.K. pound continues to drop in currency trading on the FX market. Indeed, U.K. rate cut expectations are sending the sterling lower in forex trading as the economic news continues to worsen.

In terms of both fundamental analysis and technical analysis, it seems clear that the U.K. pound will likely struggle moving forward in currency trading. Indeed, it will take a massive turnaround from the British economy to support the sterling in forex trading.
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PermalinkSterling in Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  analysis, currency trading, currency trading FX market, forex trading, sterling forex trading, U.K. pound currency trading, U.K. rate cut
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